Here's a tasty little chart from the Tax Policy Center posted as a "Web Extra" on WSAZ's site tonight.
According to The Tax Policy Center, here's how the average taxes would change in 2009 based on the two candidates' tax proposals.
Average Income Over $2.9 million: McCain's Plan -$269,364 ; Obama's Plan +$701,885
Average Income $603,000 and up: McCain's Plan -$45,361 ; Obama's Plan +$115,974
Average Income $227,000-$603,000: McCain's Plan -$7,871 ; Obama's Plan +$12
Average Income $161,000-$227,000: McCain's Plan -$4,380 ; Obama's Plan -$2,789
Average Income $112,000-$161,000: McCain's Plan -$2,614 ; Obama's Plan -$2,204
Average Income $66,000-$112,000: McCain's Plan -$1,009 ; Obama's Plan -$1,290
Average Income $38,000-$66,000: McCain's Plan -$319 ; Obama's Plan -$1,042
Average Income $19,000-$38,000: McCain's Plan -$113 ; Obama's Plan -$892
Average Income Under $19,000: McCain's Plan -$19 ; Obama's Plan -$567
Here's what strikes me. The median household income in 2004 in West Virginia was $33,993.
Under John McCain's plan, that family gets two tanks of gas in a late-model sedan at today's gas prices.
Under Barack Obama's plan that same family would receive enough to pay for 17 tanks.
I wonder, is that benefit only psychological to West Virginians?
If Vic Sprouse is able to bilk enough second-tier Republican candidates through November and avoid paying anymore child support, he'll make a chunk. Let's say for fun he makes $250,000. That seems to be a magic number in tax talk today.
Barack Obama wins, Vic pays Uncle Sam $12 more.
John McCain wins, Little Vikkey can fill up his SUV (twice the gas tank size of a sedan for argument's sake) 453 times. |
